- FII sold 9 K contract of Index Future worth 960 cores, Net OI has decreased by 4.5 K contract 2.2 K Long contract were covered by FII and 6.7 K Shorts were added by FII. Net FII Long Short ratio at 1.22 so FII used fall to exit longs and enter shorts.
- As Discussed in Last Analysis Nifty bears were able to close below 15043 now waiting for the target of 15001/14943/14888 as per gann price time squaring, Bulls need a close above 15150 for a move back to 15200/15250/15312. All Bearish target done as per gann price time squaring. As we are near both Gann Angle support and Trendline support as shown in Supply Demand Chart 14862 will play a very crucial role. Bulls need a close above 14930 for a move back to 14990/15043/15100. Bears will get active below 14862 for a move back to 14794/14729/14666.
- Intraday time for reversal can be at 9:19/10:33/11:20/12:10/1:34/2:15 How to Find and Trade Intraday Reversal Times
- Total Future & Option trading volume at 81.2 Lakh core with total contract traded 1.01 lakh , PCR @0.93
- Nifty April Future Open Interest Volume is at 1.04 Cores with liqudiation of 2.6 Lakh with increase in cost of carry suggesting SHORT position were closed today, NF Rollover cost @14703 closed above it.
- 15100 CE is having Highest OI at 40 Lakh, resistance at 15000 followed by 15100. 14900-15100 CE added 32 Lakh in OI so bears added in range of 15000-15100.
- 14500 PE OI@34 Lakhs having the highest OI strong support at 14500 followed by 14400. 14500-14700 PE added 14 Lakh in OI so bulls addded position in range 14500-14700.
- FII’s bought 71 cores and DII’s sold 876 cores in cash segment.INR closed at 73.17
- Nifty Futures Trend Deciding level is 14988 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 14808 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level